Page 8 - Bhel

BHEL rallies 12% to hit 52-week high post extension of GT deal with GE Tech

So far this calendar year 2023 (CY23), shares of BHEL soared over 17 per cent, as against 7 per cent rise in the S&P BSE Sensex

Bhel appoints IRPS officer Krishna Kumar Thakur as new HR Director

Thakur comes with 25 years of experience in handling HR and administration in the Indian Railways as well as other central public sector undertakings (PSUs)

Titagarh Rail Systems-Bhel consortium bags contract from Indian Railways

TRSL, Bhel consortium inks a contract with Indian Railways for manufacturing 80 Vande Bharat sleeper train sets by 2029

BHEL logs over 17% growth in new orders in 2022-23 to Rs 23,548 cr

State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) logged over 17 per cent growth in new orders bagged in 2022-23 to Rs 23,548 crore compared to the previous year due to its diversified business approach. BHEL secured new orders worth Rs 20,078 crore in 2021-22, according to a company statement. "BHEL secured orders worth Rs 23,548 Crore (excluding taxes) during 2022-23 in its power, industry and export segments and the company ended the year with a total order book of over Rs 91,336 crore (excluding taxes)," it stated. The latest outstanding order book has crossed Rs 1,00,000 crore (excluding taxes) with the finalisation of the prestigious Vande Bharat trainset order in April 2023, it explained. The BHEL-TWL (BHEL-Titagarh Wagons Ltd.) consortium has been awarded an order valued at about Rs 23,000 crore (excluding taxes) for 80 Vande Bharat Trains in one of the biggest Railway tenders for manufacturing-cum-maintenance of Vande Bharat Trains. This order will give furth

BHEL reports 34.2% fall in net profit as higher material costs weigh

Total expenses rose 5.4% due to a sharp rise in input costs led by raw materials that had gone up 23.9% year-on-year

Stocks to Watch today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

Stocks to watch on May 26, 2023: BEML, BHEL, Grasim, M&M, ONGC, Shree Renuka Sugars, Sun Pharma and Wockhardt among prominent companies scheduled to announce Q4 results on Friday.

Investors book profit in BHEL; stock slides 7% after soaring 26% in a month

BHEL has bagged numerous orders over the past few months, keeping analysts bullish on the stock

CPSE index nears record high after six years; RVNL zooms 125% since March

In the past one month, CPSE index has outperformed the market by surging 7 per cent, as compared to 3.4 per cent rise in the S&P BSE Sensex.

New orders should boost BHEL's prospects; analysts have mixed views

Titagarh is a major beneficiary of an expanding Railways Budget. It's presence in metro rail, train sets, and propulsion systems offer broad growth opportunities

BHEL, Nuclear Power Corp ink pact for nuclear power project opportunities

State-owned engineering firm Bharat Heavy Electricals and Nuclear Power Corporation have inked an initial pact to jointly pursue business opportunities in nuclear power based on pressurised heavy water reactor technology. Under the pact, BHEL and NPCIL will jointly explore opportunities for the development of nuclear power projects to reduce project gestation time. "State-run PSUs Nuclear Power Corporation of India Ltd (NPCIL) and Bharat Heavy Electricals Ltd (BHEL) have entered into an MoU (memorandum of understanding) to jointly pursue business opportunities in the area of Nuclear Power Plants based on Pressurized Heavy Water Reactor (PHWR) technology," a statement said on Wednesday. In the presence of VK Saraswat (Member NITI Aayog), KN Vyas (Secretary Department of Atomic Energy & Chairman Atomic Energy Commission) and Kamran Rizvi (Secretary Ministry of Heavy Industries), the MoU was signed by BHEL CMD Nalin Shinghal and Bhuwan Chandra Pathak, CMD NPCIL at Niti ...

BHEL-led consortium bags order of 80 sleeper class Vande Bharat trains

A consortium led by state-owned Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth more than Rs 9,600 crore to supply 80 sleeper class Vande Bharat trains to Indian Railways over a period of six years. There is a demand for running sleeper class Vande Bharat or Train18 trainsets as these can ply on long routes like Delhi-Mumbai and Delhi-Howrah. Presently, all Vande Bharat trains in operation only have chair car and executive chair car classes. The BHEL-led consortium has been awarded an order for 80 Vande Bharat trains in the mega tender of the Indian Railways, the company said in a regulatory filing on Tuesday. The order is for supply of 80 trains each at a cost of Rs 120 crore, excluding taxes and duties. According to the filing, the order for AMC (Annual Maintenance Contract) has also been placed for 35 years. BHEL will supply the 80 trains over a period of 72 months. The consortium, comprising BHEL and Titagarh Wagons Ltd, is called Technology Partner. As per th

Titagarh-BHEL sets Vande Bharat trains' contract value nearly Rs 25,000 cr

The contract value of Vande Bharat trains for Titagarh Wagons Ltd (TWL)-Bharat Heavy Electricals Ltd (BHEL) consortium is estimated at Rs 25,000 crore for manufacturing of 80 train sets and maintaining them for the next 35 years, a senior company official said on Thursday. Russia's CJSC Transmashholding and Rail Vikas Nigam Ltd (TMH-RVNL) consortium has emerged as the lowest bidder. The second lowest bidder was the consortium of state-owned Bharat Heavy Electricals Ltd (BHEL) and Titagarh Wagons. TWL-BHEL consortium will be given a chance to match the lowest bid to bag a share of the tender. TMH-RVNL consortium, which has emerged as the lowest bidder, will make 120 train sets, while TWL-BHEL is eligible for 80 train sets. Each train set will have 16 coaches. "This is a prestigious contract and will be a game changer, we are eligible for manufacturing the 80 train sets, which is worth around Rs 25,000 crore inclusive of maintenance for 35 years. This will help us to change the ...

TWL-BHEL fully Indian entity eyeing Rs 72,000 cr Vande Bharat contract

Titagarh Wagons Ltd (TWL) on Wednesday said the consortium it set up with Bharat Heavy Electricals Limited (BHEL) is the sole fully Indian entity among the five bidders for the Rs 72,000 crore Vande Bharat trains contract. TWL, the engineering and wagon major, also said it has lined up Rs 700 crore capex over the next 4-5 years to ramp up its production capacity and related infrastructure. The upcoming steel body facility at Uttarpara in West Bengal will strengthen TWL's coach-building capabilities in both aluminium and steel bodies, a senior company official said. "The company after forming a consortium with BHEL is one out of five bidders for Vande Bharat. We remain optimistic. We are the only truly Indian consortium as both partners are Indians," TWL director (marketing & business development) Prithish Chowdhary told PTI in a telephonic interview. The other bidders are German-based Siemens with BEML, Medha Engineering with Swiss company Stadler Rail, Russian Transmashholding ...

State-owned BHEL net profit for Q3 rises 57% to reach Rs 42 crore

State-owned engineering firm BHEL on Friday posted a 56.5 per cent rise in its consolidated net profit to Rs 42.28 crore in the December quarter mainly on the back of higher revenues. The consolidated net profit of the firm was Rs 27.02 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 5,353.94 crore in the October-December quarter from Rs 5,219.89 crore in the same period a year ago.

Bhilai steel plant hits 1 million tonnes plate production mark in FY23

Besides Bharat Heavy Electricals (BHEL), the Indian Railways and two private infrastructure companies had placed bulk orders

BHEL, Sumitomo partner for circulating fluidised bed combustion boilers

Bharat Heavy Electricals Limited (BHEL) has entered into an agreement with Sumitomo SHI FW, Finland (SFW) for design, engineering, manufacturing, erection, commissioning and sale of circulating fluidised bed combustion (CFBC) boilers in India and overseas market. The agreement does not include select countries, BHEL said in a statement. "BHEL has entered into a long-term Technology License Agreement (TLA) with Sumitomo SHI FW, Finland for design, engineering, manufacturing, erection, commissioning and sale of subcritical as well as supercritical CFBC boilers in India and in overseas territories except select countries," it said. CFBC boiler technology has inherent benefits such as fuel flexibility while meeting extant emission norms and better operational flexibility at part loads as against conventional coal-based technologies, BHEL said. Further, CFBC boilers have lower SOx (sulphur oxides) and NOx (nitrogen oxides) emissions and hence do not require installation of additional ..

BHEL among 5 bidders for deal to manufacture 200 Vande Bharat trains

State-run Bharat Heavy Electricals Ltd (BHEL) has formed a consortium with Titagarh Wagons and is among five entities which have bid for the mega Rs 58,000 crore contract to manufacture 200 Vande Bharat trains and maintaining them for the next 35 years. Other players in the fray include French railway major Alstom; Medha-Stadler consortium between Swiss railway rolling stock manufacturer Stadler Rail and Hyderabad-based Media Servo Drives; Siemens along with BEML, and Russian rolling stock manufacturer Transmashholding (TMH) along with an Indian firm. Officials said while Rs 26,000 crore is the upfront payment on the delivery of the trains, Rs 32,000 crore will be paid to the winning bidder over a period of 35 years for the maintenance of these trains. The Indian Railways is now evaluating technical bids for the contract. The financial bids will be opened in the next 45 days. According to the tender document, the successful bidder has to produce a prototype of the sleeper class for

BHEL's defence unit in Haridwar gets certificate to manufacture naval guns

The defence production unit of BHEL, Haridwar, has been given 'Self Certification Status Certificate' for manufacturing naval guns for the Indian Navy. The certificate was given to BHEL Managing Director Amit Gupta by Rear Admiral Sanjay Sharma, Additional Director General, Quality Assurance, said Acting Director of BHEL, Haridwar, Praveen Chandra Jha on Saturday. Jha congratulated officials and employees of the defence production unit for the significant achievement saying it was a result of their collective hard work.

BHEL posts Rs 12.10 cr Q2 net on higher revenues, income up to Rs 5,418 cr

State-owned engineering firm on Friday reported a Rs 12.10 crore consolidated net profit in the September 2022 quarter on higher revenues. The company had posted a consolidated net loss of Rs 46.58 crore in the quarter ended September 30, a BSE filing showed. Its total income rose to Rs 5,418.74 crore in the quarter from Rs 5,197.25 crore a year ago.

PNB, BHEL, IDFC among top mid-, smallcap stocks that can rally up to 25%

Technically, whenever any stock remains unaffected during times of volatility, the trend indicates something positive underneath. Such stocks are preferred by market participants for trading gains.